Square Enix Posts Profit Surge Despite Revenue Decline
Final Fantasy XIV and cost optimizations drive profitability amid lower game sales and restructuring efforts.
- Square Enix's Q1 profits rose 68%, reaching $72 million, despite an 18.4% drop in net sales.
- Digital Entertainment sales fell nearly 30%, but operating profits tripled due to lower costs.
- Final Fantasy XIV and Dragon Quest 10 were key contributors to the company's MMO segment success.
- Mobile games also contributed significantly to operating profits, despite weak sales.
- Recent layoffs in the US and Europe were part of restructuring to address disappointing financial performance.